98 V98 VAACANT APCANT APARTMENT UNITARTMENT UNITSS$1,$1,19195,5,000 ($12,000 ($12,194194/ UNIT)/ UNIT)OOVER 10 YEAR OVER 10 YEAR OWNERSHIPWNERSHIPLLOCAOCATED WITHIN A QCTTED WITHIN A QCT

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

SSALEALE MULMULTIFTIFAMILAMILYYbradleyco.com

rcre.com

MICHAEL B. DREWMICHAEL B. DREW, C, CCIMCIMSenior Vice PresidentOO 317.663.6079CC 317.255.3900mdrew@bradleyco.com

#growIndianaIndiana

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

CCONFIDENTIALITY & DISCLAIMERONFIDENTIALITY & DISCLAIMER

All materials and information received or derived from Bradley / RESOURCE its directors, officers, agents,advisors, affiliates and/or any third party sources are provided without representation or warranty as tocompleteness , veracity, or accuracy, condition of the property, compliance or lack of compliance withapplicable governmental requirements, developability or suitability, financial performance of the property,projected financial performance of the property for any party’s intended use or any and all other matters.

Neither Bradley / RESOURCE its directors, officers, agents, advisors, or affiliates makes any representationor warranty, express or implied, as to accuracy or completeness of the any materials or informationprovided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence todetermine these and other matters of significance to such party. Bradley / RESOURCE will not investigateor verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all informationand to conduct their own inspections and investigations including through appropriate third partyindependent professionals selected by such party. All financial data should be verified by the partyincluding by obtaining and reading applicable documents and reports and consulting appropriateindependent professionals. Bradley / RESOURCE makes no warranties and/or representations regardingthe veracity, completeness, or relevance of any financial data or assumptions. Bradley / RESOURCE doesnot serve as a financial advisor to any party regarding any proposed transaction. All data and assumptionsregarding financial performance, including that used for financial modeling purposes, may differ fromactual data or performance. Any estimates of market rents and/or projected rents that may be provided toa party do not necessarily mean that rents can be established at or increased to that level. Parties mustevaluate any applicable contractual and governmental limitations as well as market conditions,vacancyfactors and other issues in order to determine rents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed bythe party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether theproperty complies with applicable governmental requirements should be discussed by the party withappropriate engineers, architects, contractors, other consultants and governmental agencies. All propertiesand services are marketed by Bradley / RESOURCE in compliance with all applicable fair housing and equalopportunity laws.

CCONTENTONTENTSS

EXECUTUVE SUMMAREXECUTUVE SUMMARYY 4

FINANCIAL ANALFINANCIAL ANALYYSISSIS 14

DRAFT - SDRAFT - SALE CALE COMPOMPARABLESARABLES 16

DRAFT - RENT CDRAFT - RENT COMPOMPARABLESARABLES 23

ALALTTA LAND SURA LAND SURVEYVEY 30

PROPERTY INFORMAPROPERTY INFORMATIONTION 32

DEMOGRAPHICSDEMOGRAPHICS 45

OUR TEAMOUR TEAM 48

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 2GE 2TABLE OF CONTENTS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 3GE 3CONFIDENTIALITY AGREEMENT

DECEMBER 2020CONFIDENTIAL OFFERING MEMORANDUM

rcre.com

bradleyco.com

1 EXECUTIVESUMMARY

MICHAEL B. DREWMICHAEL B. DREW, C, CCIMCIMSenior Vice PresidentOO 317.663.6079CC 317.255.3900mdrew@bradleyco.com

#growIndianaIndiana

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

$1,$1,19195,5,000 /000 /// 98 UNIT98 UNITS /S // MUL/ MULTIFTIFAMILAMILY /Y // V/ VALALUE ADD OPPORTUNITYUE ADD OPPORTUNITYThe Grand Meridian Apartments is a 98 Unit Nine Story High Rise Apartment

Building located on the new Red Line mass transit route on the north side ofIndianapolis. The address is 3470 North Meridian Street, Indianapolis, IN 46208. Thegross square footage is approximately 59,048 square feet including 29 One Bedroomunits, 69 Studios. One Studio and one 1 Bedroom unit are used as a management andleasing office. The property is located on a .744 +/- acre site and is constructed with abrick exterior and mostly concrete and steel. The building has a private roof top deckon the 9th floor and an additional roof top deck unit that could be used as a CommonArea Deck for the tenants. The property has been vacant for several years and needs atotal renovation. There are plans for 52 parking spaces on site and street parking is freeon 35th Street. Since the property is on the new Red Line many tenants will not needto own a car. The Grand Meridian was built in 1951 and needs a complete renovation.

REAREASONS TSONS TO BUY /O BUY // EX/ EXCLCLUSIVE 98 UNIT MULUSIVE 98 UNIT MULTIFTIFAMILAMILY OFFERINGY OFFERINGThe property is located on the New Red Line Mass Transit Bus System with a stop juststeps away from the front door.

Will deliver the property free and clear for $12,194/unit.

The property is vacant so renovations can start immediately.

Convenient to shopping, restaurants, schools, and downtown Indianapolis is only 10minutes away.

The neighborhood is in the process of re-gentrification appealing to workforce andmiddle class income.

The renovation can separately meter HVAC systems

Proforma Leveraged IRR _____

Proforma cash on cash ______

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208 $1,195,000 // $12,194 PER UNIT

PPAAGE 5GE 5EXCLUSIVE MULTIFAMILY OFFERING

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

HIGHLIGHTHIGHLIGHTSS

We are offering the Grand Meridian Apartments for $1,195,000 which is only$12,194 per unit. The buyer will be able to place favorable new financing on theproperty with the seller delivering the property free and clear at closing. Theproperty is ripe for renovation since the new Red Line mass transit system runspast the property with a stop just steps away from the front door. The propertyis located in a Qualified Census Trust (QCT) and is the perfect Section 42 LowIncome Tax Credit Opportunity. The currcurrentent oownerwner hashas oownedwned thetheprpropertyoperty oovverer 1010 yyears.ears. This creates the Possibility of obtaining bothbothacacquisition and rquisition and renoenovvaation tax crtion tax credits.edits.

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 6GE 6HIGHLIGHTS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

FINANCIAL HIGHLIGHTFINANCIAL HIGHLIGHTSS

We are offering the Grand Meridian Apartments for sale for $1,195,000 which is $12,194/unit and $20.24 per Square Foot. The buyer will be able to place favorablenew financing on the property with the seller delivering the property free and clear at closing.

LLOCAOCATIONTION

The property is located at 3479 North Meridian Street which is only 3.5 miles from downtown Indianapolis which is a very quick commute via the new Red Linemass transit bus line. Nearby universities include IUPUI in downtown Indianapolis, Butler University a short 8 minute drive north to 46th Street then west afew blocks. Marian University is approximately 10 minutes west of the Grand Meridian.

AREA ANALAREA ANALYYSISSIS

Recent developments in the area include construction of the new apartments along Meridian Street south of the Grand Meridian and the total renovation ofCityView Apartments three blocks north of the property.

PROPERTY AMENITIESPROPERTY AMENITIES

The property includes a private parking lot with some covered parking. There are 2 elevators serving all 9 floors plus the basement. The Leasing Office is locatedjust off the front door entrance. There is a Common Area Rooftop Deck that can be made available for the future tenants after the renovation. The basement areaincludes _____________________. Laundry facilities are located in the _______________________. Bike Storage?

UNIT FEAUNIT FEATURESTURES

To be determined but are expected to include Kitchen Stove/Oven, Refrigerator, Dishwasher, Microwave, Garbage Disposals, Walk in Closets, Private Bath with tuband shower, full functioning windows for fresh air.

NOTE: UNIT SF below are initial ESTIMATES ONLY and are subject to change.

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 7GE 7PROPERTY DESCRIPTION

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 8GE 8UNIT MIX

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

Studio

One BedroomExterior

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 9GE 9ADDITIONAL PHOTOS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

Central Hallway View North

Back Stairway View South to Downtown

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 10GE 10ADDITIONAL PHOTOS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

Roof Top Deck Potential Lobby Entrance

Leasing Office Maintenance Shop

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 11GE 11ADDITIONAL PHOTOS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 12GE 12AERIAL MAPS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 13GE 13AERIAL MAPS

DECEMBER 2020CONFIDENTIAL OFFERING MEMORANDUM

rcre.com

bradleyco.com

2 FINANCIALANALYSIS

MICHAEL B. DREWMICHAEL B. DREW, C, CCIMCIMSenior Vice PresidentOO 317.663.6079CC 317.255.3900mdrew@bradleyco.com

#growIndianaIndiana

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

INCINCOME SUMMAROME SUMMARY - SY - STTABILIZED PROFORMAABILIZED PROFORMA

TTOOTTALAL PER UNITPER UNIT

Gross Scheduled Market Rent $675,776.00 $6,895.67

Less: Loss to Lease/ Vacancy $33,789.00 $344.79

Less: Write Off $3,379.00 $34.48

GROGROSSS INCS INCOMEOME $6$638,608.38,608.0000 $6,516.4$6,516.411

EXPENSE SUMMAREXPENSE SUMMARYY

PER UNITPER UNIT

Payroll $0.00 $0.00

Administrative Expense/ Show Apartments $0.00 $0.00

Advertising/ Marketing $0.00 $0.00

GROGROSSS EXPENSESS EXPENSES $294,$294,000000..0000 $3,$3,000000..0000

NET OPERANET OPERATING INCTING INCOMEOME $344,608.$344,608.0000 $3,516.4$3,516.411

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 15GE 15STABILIZED PROFORMA

DECEMBER 2020CONFIDENTIAL OFFERING MEMORANDUM

rcre.com

bradleyco.com

3 SALECOMPARABLES

MICHAEL B. DREWMICHAEL B. DREW, C, CCIMCIMSenior Vice PresidentOO 317.663.6079CC 317.255.3900mdrew@bradleyco.com

#growIndianaIndiana

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

SUBJECT PROPERTYSUBJECT PROPERTY PRICEPRICE BLDG SFBLDG SF PRICE/SFPRICE/SF PRICE/UNITPRICE/UNIT # OF UNIT# OF UNITSS

TThe Grhe Grand Meridian Apartmentsand Meridian Apartments

3470 N Meridian Street

Indianapolis, IN 46208

$1,195,000 59,048 SF $20.24 $12,194 98

SSALE CALE COMPSOMPS PRICEPRICE BLDG SFBLDG SF PRICE/SFPRICE/SF PRICE/UNITPRICE/UNIT # OF UNIT# OF UNITSS CLCLOOSESE

TThe Marleighhe Marleigh1434-1448 N Delaware StIndianapollis, IN 46202

$1,800,000 33,824 SF $53.22 $37,500 48 06/01/2015

Indy FlaIndy Flats - Tts - The Jorhe Jordandan1445 N Delaware AveIndianapolis, IN 46202

$1,694,600 24,945 SF $67.93 $47,072 36 06/01/2015

HisHisttoric Scarbororic Scarborough Placough Placee3753 N Meridian StIndianapolis, IN 46202

$565,000 21,369 SF $26.44 $29,736 19 12/01/2016

TThe Dorhe Dorcheschestterer3720 N Pennsylvania StIndianapolis, IN 46205

$1,950,000 43,755 SF $44.57 $37,500 52 08/01/2016

PPennennvieview Apartmentsw Apartments3736 N Pennsylvania StIndianapolis, IN 46205

$910,000 28,977 SF $31.40 $37,916 24 07/01/2015

SSttonegaonegatte Apartmentse Apartments1220-1226 N Illinois StIndianapolis, IN 46202

$2,399,999 84,120 SF $28.53 $45,283 53 02/01/2017

11

22

33

44

55

66

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 17GE 17DRAFT - SALE COMPS SUMMARY

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

SUBJECT PROPERTYSUBJECT PROPERTY PRICEPRICE BLDG SFBLDG SF PRICE/SFPRICE/SF PRICE/UNITPRICE/UNIT # OF UNIT# OF UNITSS

CConsonstitution Gtitution Garardens Apartmentsdens Apartments3433 Central AveIndianapolis, IN 46205

$3,983,756 49,018 SF $81.27 $54,572 73 08/01/2019

PRICEPRICE BLDG SFBLDG SF PRICE/SFPRICE/SF PRICE/UNITPRICE/UNIT # OF UNIT# OF UNITSS CLCLOOSESE

TTotals/Aotals/Avvereragesages $1,900$1,900,4,47799 4040,858 SF,858 SF $46.51$46.51 $43,6$43,61818 43.543.577

77

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 18GE 18DRAFT - SALE COMPS SUMMARY

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

11

THE MARLEIGHTHE MARLEIGH

1434-1448 N Delaware St | Indianapollis, IN 46202

$1,800,000Sale Price: 0.87 AcresLot Size:

1918Year Built: 33,824 SFBuilding SF:

$53.22Price PSF: 48No. Units:

$37,500Price / Unit: 06/01/2015Closed:

11

22

INDINDY FLAY FLATTS - THE JORDS - THE JORDANAN

1445 N Delaware Ave | Indianapolis, IN 46202

$1,694,600Sale Price: 0.41 AcresLot Size:

1940Year Built: 24,945 SFBuilding SF:

$67.93Price PSF: 36No. Units:

$47,072Price / Unit: 06/01/2015Closed:

22

33

HISHISTTORIC SCARBOROUGH PLAORIC SCARBOROUGH PLACECE

3753 N Meridian St | Indianapolis, IN 46202

$565,000Sale Price: 0.4 AcresLot Size:

21,369 SFBuilding SF: $26.44Price PSF:

19No. Units: $29,736Price / Unit:

12/01/2016Closed:

33

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 19GE 19DRAFT - SALE COMPS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

44

THE DORCHESTHE DORCHESTERTER

3720 N Pennsylvania St | Indianapolis, IN 46205

$1,950,000Sale Price: 1.05 AcresLot Size:

1920Year Built: 43,755 SFBuilding SF:

$44.57Price PSF: 52No. Units:

$37,500Price / Unit: 08/01/2016Closed:

44

55

PENNVIEW APPENNVIEW APARTMENTARTMENTSS

3736 N Pennsylvania St | Indianapolis, IN 46205

$910,000Sale Price: 0.95 AcresLot Size:

1920Year Built: 28,977 SFBuilding SF:

$31.40Price PSF: 24No. Units:

$37,916Price / Unit: 07/01/2015Closed:

55

66

SSTTONEGAONEGATE APTE APARTMENTARTMENTSS

1220-1226 N Illinois St | Indianapolis, IN 46202

$2,399,999Sale Price: 0.29 AcresLot Size:

1920Year Built: 84,120 SFBuilding SF:

$28.53Price PSF: 53No. Units:

$45,283Price / Unit: 02/01/2017Closed:

66

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 20GE 20DRAFT - SALE COMPS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

77

CCONSONSTITUTION GARDENS APTITUTION GARDENS APARTMENTARTMENTSS

3433 Central Ave | Indianapolis, IN 46205

$3,983,756Sale Price: 5.38 AcresLot Size:

1939Year Built: 49,018 SFBuilding SF:

$81.27Price PSF: 73No. Units:

$54,572Price / Unit: 08/01/2019Closed:

77

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 21GE 21DRAFT - SALE COMPS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

3470 N Meridian Street | Indianapolis, IN 46208THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS

11

1434-1448 N Delaware StIndianapollis, IN 46202

THE MARLEIGHTHE MARLEIGH

22

1445 N Delaware AveIndianapolis, IN 46202

INDINDY FLAY FLATTS - THE JORDS - THE JORDANAN

333753 N Meridian StIndianapolis, IN 46202

HISHISTTORIC SCARBOROUGHORIC SCARBOROUGHPLAPLACECE

44

3720 N Pennsylvania StIndianapolis, IN 46205

THE DORCHESTHE DORCHESTERTER

55

3736 N Pennsylvania StIndianapolis, IN 46205

PENNVIEW APPENNVIEW APARTMENTARTMENTSS

66

1220-1226 N Illinois StIndianapolis, IN 46202

SSTTONEGAONEGATE APTE APARTMENTARTMENTSS

773433 Central AveIndianapolis, IN 46205

CCONSONSTITUTION GARDENSTITUTION GARDENSAPAPARTMENTARTMENTSS

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 22GE 22DRAFT - SALE COMPS MAP

DECEMBER 2020CONFIDENTIAL OFFERING MEMORANDUM

rcre.com

bradleyco.com

4 DRAFT - RENTCOMPARABLES

MICHAEL B. DREWMICHAEL B. DREW, C, CCIMCIMSenior Vice PresidentOO 317.663.6079CC 317.255.3900mdrew@bradleyco.com

#growIndianaIndiana

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

PROPERTYPROPERTY RENTRENT/SF/SF BLDG SFBLDG SF # OF UNIT# OF UNITSS OCOCCUPCUPANCANCY %Y %

TThe Grhe Grand Meridian Apartmentsand Meridian Apartments3470 N Meridian StreetIndianapolis, IN 46208

$1.51 59,048 SF 98 0.0%

PROPERTYPROPERTY RENTRENT/SF/SF BLDG SFBLDG SF # OF UNIT# OF UNITSS OCOCCUPCUPANCANCY %Y %

Meridian TMeridian Toowwersers3710 N Meridian StIndianapolis, IN 46208

$1.12 104,910 SF 195 97.9%

City VCity Vieiew on Meridianw on Meridian3801 N Meridian SIndianapolis, IN 46208

$1.24 154,878 SF 166 83.3%

MarbleheadMarblehead3310 N Meridian StIndianapolis, IN 46208

$1.06 22,896 SF 36 83.33%

HisHisttoric Scarbororic Scarborough Placough Placee3753 N Meridian StIndianapolis, IN 46202

$0.55 21,369 SF 19 100%

PPenn Tenn Terrerracacee3515 N Pennsylvania StIndiaiapolis, IN 46205

$1.11 19,062 SF 24 79.17%

TThe Dorhe Dorcheschestterer3720 N Pennsylvania StIndianapolis, IN 46205

$1.01 43,755 SF 52 92.31%

PPennennvieview Apartmentsw Apartments3736 N Pennsylvania StIndianapolis, IN 46205

$0.94 28,977 SF 24 100%

11

22

33

44

55

66

77

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 2GE 244DRAFT - RENT COMPS SUMMARY

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

PROPERTYPROPERTY RENTRENT/SF/SF BLDG SFBLDG SF # OF UNIT# OF UNITSS OCOCCUPCUPANCANCY %Y %

TThe Sheldrhe Sheldrakake Apartmentse Apartments2258 N Meridian StIndianapolis, IN 46208

$1.57 40,626 SF 57 89.47%

RENTRENT/SF/SF BLDG SFBLDG SF # OF UNIT# OF UNITSS OCOCCUPCUPANCANCY %Y %TTotals/Aotals/Avvereragesages $1.$1.0808 54,5554,559 SF9 SF 771.61.633 9090.6.69%9%

88

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 25GE 25DRAFT - RENT COMPS SUMMARY

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS

3470 N Meridian Street | Indianapolis, IN 46208

1951Year Built: 0.74 ACLot Size:98No. Units: $1.51Avg. Rent/SF:

401 SFAvg. Size: $605Avg. Rent:

11

MERIDIAN TMERIDIAN TOOWERSWERS3710 N Meridian St | Indianapolis, IN 46208

1950Year Built: 104,910 SFBldg Size:1.39 ACLot Size: 195No. Units:538 SFAvg. Size: 97.9%Occupancy:$1.12Avg. Rent/SF: $600Avg. Rent:

11

22

CITY VIEW ON MERIDIANCITY VIEW ON MERIDIAN3801 N Meridian S | Indianapolis, IN 46208

1966Year Built: 154,878 SFBldg Size:1.71 ACLot Size: 166No. Units:933 SFAvg. Size: 83.3%Occupancy:$1.24Avg. Rent/SF: $1,156Avg. Rent:

22

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 26GE 26DRAFT - RENT COMPS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

33

MARBLEHEADMARBLEHEAD3310 N Meridian St | Indianapolis, IN 46208

1940Year Built: 22,896 SFBldg Size:0.73 ACLot Size: 36No. Units:636 SFAvg. Size: 83.33%Occupancy:$1.06Avg. Rent/SF: $671Avg. Rent:

33

44

HISHISTTORIC SCARBOROUGH PLAORIC SCARBOROUGH PLACECE3753 N Meridian St | Indianapolis, IN 46202

1960Year Built: 21,369 SFBldg Size:0.4 ACLot Size: 19No. Units:971 SFAvg. Size: 100%Occupancy:$0.55Avg. Rent/SF: $538Avg. Rent:

44

55

PENN TERRAPENN TERRACECE3515 N Pennsylvania St | Indiaiapolis, IN 46205

1982Year Built: 19,062 SFBldg Size:0.69 ACLot Size: 24No. Units:708 SFAvg. Size: 79.17%Occupancy:$1.11Avg. Rent/SF: $789Avg. Rent:

55

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 2GE 277DRAFT - RENT COMPS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

66

THE DORCHESTHE DORCHESTERTER3720 N Pennsylvania St | Indianapolis, IN 46205

1920Year Built: 43,755 SFBldg Size:1.05 ACLot Size: 52No. Units:690 SFAvg. Size: 92.31%Occupancy:$1.01Avg. Rent/SF: $696Avg. Rent:

66

77

PENNVIEW APPENNVIEW APARTMENTARTMENTSS3736 N Pennsylvania St | Indianapolis, IN 46205

1920Year Built: 28,977 SFBldg Size:0.95 ACLot Size: 24No. Units:633 SFAvg. Size: 100%Occupancy:$0.94Avg. Rent/SF: $594Avg. Rent:

77

88

THE SHELDRAKE APTHE SHELDRAKE APARTMENTARTMENTSS2258 N Meridian St | Indianapolis, IN 46208

1925Year Built: 40,626 SFBldg Size:0.52 ACLot Size: 57No. Units:457 SFAvg. Size: 89.47%Occupancy:$1.57Avg. Rent/SF: $716Avg. Rent:

88

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 28GE 28DRAFT - RENT COMPS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

11

3710 N Meridian StIndianapolis, IN 46208

MERIDIAN TMERIDIAN TOOWERSWERS

22

3801 N Meridian SIndianapolis, IN 46208

CITY VIEW ON MERIDIANCITY VIEW ON MERIDIAN

33

3310 N Meridian StIndianapolis, IN 46208

MARBLEHEADMARBLEHEAD

443753 N Meridian StIndianapolis, IN 46202

HISHISTTORIC SCARBOROUGHORIC SCARBOROUGHPLAPLACECE

55

3515 N Pennsylvania StIndiaiapolis, IN 46205

PENN TERRAPENN TERRACECE

66

3720 N Pennsylvania StIndianapolis, IN 46205

THE DORCHESTHE DORCHESTERTER

77

3736 N Pennsylvania StIndianapolis, IN 46205

PENNVIEW APPENNVIEW APARTMENTARTMENTSS

88

2258 N Meridian StIndianapolis, IN 46208

THE SHELDRAKE APTHE SHELDRAKE APARTMENTARTMENTSS

3470 N Meridian Street | Indianapolis, IN 46208THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 29GE 29DRAFT - RENT COMPS MAP

DECEMBER 2020CONFIDENTIAL OFFERING MEMORANDUM

rcre.com

bradleyco.com

5 ALTALANDSURVEY

MICHAEL B. DREWMICHAEL B. DREW, C, CCIMCIMSenior Vice PresidentOO 317.663.6079CC 317.255.3900mdrew@bradleyco.com

#growIndianaIndiana

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 31GE 31ALTA LAND SURVEY

DECEMBER 2020CONFIDENTIAL OFFERING MEMORANDUM

rcre.com

bradleyco.com

6 PROPOSEDPROJECTPLANS

MICHAEL B. DREWMICHAEL B. DREW, C, CCIMCIMSenior Vice PresidentOO 317.663.6079CC 317.255.3900mdrew@bradleyco.com

#growIndianaIndiana

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 33GE 33PROJECT ANALYSIS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 34GE 34PROPOSED SITE PLAN

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 3GE 355ELEVATION PLANS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 36GE 36PROPOSED DEMOLITION PLANS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 3GE 377PROPOSED DEMOLITION PLANS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 38GE 38PROPOSED DEMOLITION PLANS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 3GE 399PROPOSED DEMOLITION PLANS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 40GE 40PROPOSED DEMOLITION PLANS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 4GE 411PROPOSED DEMOLITION PLANS

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 42GE 42FLOOR PLANS W/ SQUARE FOOTAGE

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 43GE 43FLOOR PLANS W/ SQUARE FOOTAGE

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 44GE 44FLOOR PLANS W/ SQUARE FOOTAGE

DECEMBER 2020CONFIDENTIAL OFFERING MEMORANDUM

rcre.com

bradleyco.com

7 DEMOGRAPHICS

MICHAEL B. DREWMICHAEL B. DREW, C, CCIMCIMSenior Vice PresidentOO 317.663.6079CC 317.255.3900mdrew@bradleyco.com

#growIndianaIndiana

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

POPULAPOPULATIONTION 1 MILE1 MILE 2 MILES2 MILES 3 MILES3 MILES

Total Population 15,428 53,575 98,132

Average age 35.4 32.4 33.1

Average age (Male) 33.6 31.0 31.5

Average age (Female) 36.9 33.7 34.7

HOUSEHOLDHOUSEHOLDS & INCS & INCOMEOME 1 MILE1 MILE 2 MILES2 MILES 3 MILES3 MILES

Total households 6,786 21,513 41,504

# of persons per HH 2.3 2.5 2.4

Average HH income $42,078 $52,156 $54,871

Average house value $113,093 $190,544 $189,167

* Demographic data derived from 2010 US Census

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 46GE 46DEMOGRAPHICS MAP & REPORT

The Greater Indianapolis Metro Market is made up of Marion County and the eight surrounding counties. Indianapolis, the nation’s 14th largest city and capital of Indiana, has undergone a dramatic revitalization and a stunning renaissance over the past 15 years making it the perfect balance of cosmopolitan style and small-town charm. Accolades and highlights include: • Named the number one sports city in the nation. Indianapolis is home to seven professional sports teams including the Indianapolis Colts and the Indiana Pacers. • The Central Canal is home to the Eiteljorg

Museum, Indiana State Museum, NCAA Hall of Champions, and White River State Park.

• Night-life is abundant, with dozens of live theatre and music venues, night clubs and comedy clubs, and a world-class symphony and opera.

• Housing options abound, from newly constructed luxury condominiums, to New York-style warehouse lofts, to restored historic neighborhoods.

Indianapolis is the center of America’s heartland. More than 65 percent of the U.S. population lives within a 700-mile radius of Indianapolis. More interstates converge in Indianapolis than in any other city in the U.S., which makes it one of America’s most accessible cities, aptly earning the moniker “Crossroads of America.”

Indianapolis continually ranks high on the list of best places to live and work in the U.S. Moreover, Indiana ranked “Best State for Business” in the Midwest and 10th nationally. In addition, Indiana

ranked 8th (CNBC) in the nation in “Business Friendliness,” 4th in transportation, 2nd in cost of business (CNBC) and 1st in affordable housing market (CNN Money).

The city is known worldwide as the home of the Indianapolis Motor Speedway, hosting the Indianapolis 500, Brickyard 400 and the MotoGP Indianapolis Grand Prix motorcycle race.

The city has other state-of-the-art facilities for numerous sports, including venues that have consistently hosted world-class competitions. In addition, it is home to a number of governing bodies that oversee Olympic teams and national tournaments, including the NCAA National Headquarters. More than 400 national and international sporting events have attracted 4.53 million spectators, 215,000 participants and $2 billion dollars in revenue over the past 20 years. In 2000, the NCAA made Indianapolis its headquarters and have committed to holding the men’s and women’s Final Four events in the city through 2021. Indianapolis’ hosting of the 2012 Super Bowl was touted as the most successful Super Bowl in the event’s 46 year history.

The Indianapolis region has enjoyed strong growth in the retail and industrial sectors and is emerging rapidly in the life sciences sector. With the nation’s largest medical school, remarkable growth in venture capital resources, and a host of industry assets like Eli Lilly, Roche Diagnostics, Guidant and Dow AgroSciences, the life sciences industry is Indiana’s largest private employer, providing more than 82,000 jobs.

INDIANAPOLIS INTERNATIONAL AIRPORT

INDIANAPOLIS SKYLINE

INDIANAPOLIS MOTOR SPEEDWAY

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

INDIANAPOLIS OINDIANAPOLIS OVERVERVIEWVIEW

PPAAGE 38GE 38INDIANAPOLIS CITY OVERVIEW

DECEMBER 2020CONFIDENTIAL OFFERING MEMORANDUM

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bradleyco.com

8 OURTEAM

MICHAEL B. DREWMICHAEL B. DREW, C, CCIMCIMSenior Vice PresidentOO 317.663.6079CC 317.255.3900mdrew@bradleyco.com

#growIndianaIndiana

#growIndianaIndianaRESOURCERESOURCE has become part of BRADLEYBRADLEY,

Indiana’s largest locally-owned and independent CRE firm.The information contained herein was obtained from sources we consider reliable. We cannot be responsible for errors, omissions, prior sale or lease, withdrawal from the marketor change in price. Seller and broker make no representation as to the environmental condition of the property and recommend the lessee’s/purchaser’s independent investigation.

WE HAWE HAVE MOVE MOVEDVED9000 Keystone Crossing, Suite 850

Indianapolis, IN 46240317.663.6000

MICHAEL B. DREWMICHAEL B. DREW, C, CCIMCIM

Senior Vice President

mdrew@bradleyco.comDirDirect:ect: 317.663.6079 || CCell:ell: 317.255.3900

PROFESPROFESSIONAL BASIONAL BACKCKGROUNDGROUNDMichael B. Drew, CCIM has over 30 years of experience specializing in Investment Property Sales, including 25 years as President of M.B. Drew Company. He hasmore than $1.2 Billion in investment sales and financing transactions, including multifamily, office buildings, shopping centers, industrial and hotel properties.Throughout his career, Mike has advised institutional clients, REITs and private investors in the areas of acquisition, disposition and financing services. He hasrepresented or advised a number of well-known clients and customers including Pedcor, Village Green Companies, Sterling American, Inc., Travelers Insurance andPrudential Insurance Co. of America.In addition to providing real estate solutions for both buyers and sellers, Mike and his team have completed more than $1.2 Billion in investment sales and financingtransactions.Mike’s mission and focus has been to provide investment real estate services to customers who are owners and buyers of income-producing properties.

EDUCAEDUCATIONTIONIndiana University, Kelly School of Business, BS, Management

MEMBERSHIPSMEMBERSHIPSCCIM • BMAG • RECS • ICBR • IAR • NAR

BrBradleadley / RESOURCEy / RESOURCE9000 Keystone Crossing Suite 850

Indianapolis, IN 46240317.663.6000

THE GRAND MERIDIAN APTHE GRAND MERIDIAN APARTMENTARTMENTSS3470 N MERIDIAN STREET, INDIANAPOLIS, IN 46208

PPAAGE 4GE 499ADVISOR BIO 1

LIMITING CONDITIONS

MICHAEL B. DREW CCIMSenior Vice President Investment Servicesmdrew@bradleyco.com317.663.6079

SHARON RAINEAdministrative Assistant

AUSTIN ANSTEADAdministrative Assistant

LIBBY MYERSMarketing Specialist

CULLEN CAMMACKIntern

Page 34

9000 Keystone CrossingSuite 850

This O�ering Memorandum was prepared by Bradley Company / RESOURCE Commercial Real Estate and has been reviewed by the Seller. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may desire. All financial projections are provided for general reference purposes only and are based on assumptions relating to the general economy, competition, and other factors, which therefore are subject to material change or variation. An opportunity to inspect the Property will be made available to qualified prospective purchasers. In this O�ering Memorandum, certain documents, including leases and other materials, are described in summary form and do not purport to be complete nor, necessarily, accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to independently review all documents.

This O�ering Memorandum is subject to prior placement, errors, omissions, changes, or withdrawal without notice and does not constitute a recommendation, endorsement, or advice as to the value of the Property by Bradley / RESOURCE or the Seller. Each prospective purchaser is to rely upon its own investigation, evaluation, and judgment as to the advisability of purchasing the Property described herein.

Bradley / RESOURCE expressly reserves the right, at their sole discretion, to reject any or all expressions of interest with any party at any time with or without notice. Seller shall have no legal commitment or obligation to any purchaser reviewing this unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller, and any conditions to Seller’s obligations thereunder have been satisfied or waived. RESOURCE Commercial Real Estate is not authorized to make any representations or agreements on behalf of the Seller.

The property is privately o�ered and by accepting this O�ering Memorandum, the party in possession hereof agrees (i) to return it to Bradley / RESOURCE and (ii) that this O�ering Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this O�ering Memorandum may be copied or otherwise reproducedor disclosed to anyone without prior written authorization of Bradley / RESOURCE.and the Seller.

9000 Keystone Crossing, Suite 850Indianapolis, IN 46240317.663.6000 bradleyco.com rcre.com